Bellsystem24 Holdings (TSE:6183) Cyclically Adjusted PB Ratio: 1.65 (As of Aug. 11, 2026) — Near Median

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TSE:6183 Bellsystem24 Holdings Inc TSE:6183
62 GF Score
Price 円1,364.00
GF Value 円1,406.83
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Bellsystem24 Holdings Cyclically Adjusted PB Ratio?

Bellsystem24 Holdings TSE:6183 +0.74% 62 Cyclically Adjusted PB Ratio is 1.65 as of Aug. 11, 2026, which is 9% below its 10-year median of 1.82. GuruFocus rates TSE:6183 with a GF Score™ of 62/100 and a GF Value™ of 円1,406.83 (Fairly Valued). The stock has 4 warning signs investors should review. Among 724 Business Services companies, Bellsystem24 Holdings ranks worse than 51.8% on this metric.

As of today (2026-08-11), Bellsystem24 Holdings's current share price is 円1364.00. Bellsystem24 Holdings's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was 円827.92. Bellsystem24 Holdings's Cyclically Adjusted PB Ratio for today is 1.65.

The historical rank and industry rank for Bellsystem24 Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:6183' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.47   Med: 1.82   Max: 2.61
Current: 1.64

During the past years, Bellsystem24 Holdings's highest Cyclically Adjusted PB Ratio was 2.61. The lowest was 1.47. And the median was 1.82.

TSE:6183's Cyclically Adjusted PB Ratio is ranked worse than
51.8% of 724 companies
in the Business Services industry
Industry Median: 1.56 vs TSE:6183: 1.64

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Bellsystem24 Holdings's adjusted book value per share data for the three months ended in May. 2026 was 円995.776. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is 円827.92 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bellsystem24 Holdings  (TSE:6183) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Bellsystem24 Holdings Cyclically Adjusted PB Ratio Related Terms


Bellsystem24 Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bellsystem24 Holdings's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bellsystem24 Holdings Cyclically Adjusted PB Ratio Chart

Bellsystem24 Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.23 2.39 1.66 1.83

Bellsystem24 Holdings Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.60 1.68 1.72 1.83 1.72

TSE:6183 vs CTAS, CPRT, GPN: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, Bellsystem24 Holdings's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bellsystem24 Holdings Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Bellsystem24 Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bellsystem24 Holdings's Cyclically Adjusted PB Ratio falls into.


TSE:6183
62GF Score
Bellsystem24 Holdings Inc TSE:6183
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bellsystem24 Holdings Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Bellsystem24 Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1364.00/827.92
=1.65

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bellsystem24 Holdings's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Bellsystem24 Holdings's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=995.776/113.5000*113.5000
=995.776

Current CPI (May. 2026) = 113.5000.

Bellsystem24 Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201608 515.333 97.900 597.449
201611 525.632 98.600 605.063
201702 549.609 98.100 635.888
201705 548.286 98.600 631.141
201708 549.474 98.500 633.150
201711 571.891 99.100 654.991
201802 590.611 99.500 673.712
201805 595.623 99.300 680.798
201808 614.709 99.800 699.093
201811 616.407 100.000 699.622
201902 621.283 99.700 707.278
201905 618.675 100.000 702.196
201908 644.172 100.000 731.135
201911 648.614 100.500 732.514
202002 668.798 100.300 756.815
202005 672.593 100.100 762.630
202008 704.136 100.100 798.396
202011 710.590 99.500 810.573
202102 722.695 99.800 821.903
202105 736.068 99.400 840.480
202108 771.093 99.700 877.824
202111 779.675 100.100 884.047
202202 801.931 100.700 903.865
202205 813.065 101.800 906.512
202208 847.026 102.700 936.100
202211 850.751 103.900 929.357
202302 873.059 104.000 952.810
202305 877.097 105.100 947.198
202308 897.379 105.900 961.780
202311 888.068 106.900 942.897
202402 907.558 106.900 963.591
202405 900.922 108.100 945.926
202408 914.710 109.100 951.600
202411 907.478 110.000 936.352
202502 953.688 110.800 976.928
202505 945.723 111.800 960.103
202508 973.421 112.100 985.578
202511 975.237 113.200 977.822
202602 994.391 112.200 1,005.912
202605 995.776 113.500 995.776

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.65 mean?
Bellsystem24 Holdings (TSE:6183) has a Cyclically Adjusted PB Ratio of 1.65 as of Aug. 11, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Bellsystem24 Holdings and its competitors. This is near median its historical median of 1.82. Over the past decade, Bellsystem24 Holdings' Cyclically Adjusted PB Ratio has ranged from 1.47 to 2.61. According to the industry distribution chart, Bellsystem24 Holdings ranks #375 out of 724 companies in the Business Services industry, placing it in the top 51.8%.
Is Bellsystem24 Holdings' Cyclically Adjusted PB Ratio too high?
Bellsystem24 Holdings' current Cyclically Adjusted PB Ratio of 1.65 is near median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 2.61. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. Bellsystem24 Holdings' value of 1.65 is 5.8% above this industry median. Based on the distribution chart, Bellsystem24 Holdings ranks #375 out of 724 companies in the Business Services industry, which is below the industry midpoint. Overall, Bellsystem24 Holdings has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bellsystem24 Holdings' Cyclically Adjusted PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Bellsystem24 Holdings ranks #375 out of 724 companies for Cyclically Adjusted PB Ratio. This places Bellsystem24 Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. Bellsystem24 Holdings' value of 1.65 is 5.8% above this benchmark. Historically, Bellsystem24 Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.47 to 2.61 over the past decade. While the company's 10-year median is 1.82 vs. the industry median of 1.56, Bellsystem24 Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 724 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bellsystem24 Holdings's current Cyclically Adjusted PB Ratio of 1.65 is 5.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Bellsystem24 Holdings and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bellsystem24 Holdings's current Cyclically Adjusted PB Ratio is 1.65, which is near median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bellsystem24 Holdings stock overvalued right now?
Based on GuruFocus' analysis, Bellsystem24 Holdings (TSE:6183) is currently considered Fairly Valued. The stock's GF Value™ is 円1,406.83, compared to a current price of 円1,364.00 — trading 3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.65, which is near median its 10-year median of 1.82 and 5.8% above the Business Services industry median of 1.56. Bellsystem24 Holdings' overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Bellsystem24 Holdings (TSE:6183), the current Cyclically Adjusted PB Ratio is 1.65 as of Aug. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bellsystem24 Holdings (TSE:6183) Overvalued in 2026?

Based on GuruFocus' analysis, Bellsystem24 Holdings stock appears to be undervalued. The current stock price of 円1,364.00 is trading 3% below its estimated GF Value™ of 円1,406.83. GuruFocus considers Bellsystem24 Holdings to be Fairly Valued.

Key valuation signals for TSE:6183:

  • Cyclically Adjusted PB Ratio: 1.65 (near median its 10-year median of 1.82)
  • GF Value™: 円1,406.83 vs. price of 円1,364.00 (3% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 5.8% above the Business Services median (#375 of 724)

No single metric tells the full story. See the TSE:6183 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bellsystem24 Holdings Business Description

Address 4-1-1 Toranomon, 6th Floor, Kamiyacho Trust Tower, Minato-ku, Tokyo, JPN, 105-6906
Bellsystem24 Holdings Inc is a holding company engaged in the business of contact center services. The company through its subsidiaries involves in various businesses which includes formulating group strategies, control group companies and distribute group's management resources. It also operates as a specialized research organization (SRO) that supports the development of pharmaceutical products and medical equipment.
62GF Score

Get the complete analysis for TSE:6183

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,364.00
Price
円1,406.83
GF Value